Mohawk Industries Inc Bottom Line Climbs 24% In Q3

(RTTNews) - Mohawk Industries Inc (MHK) revealed a profit for its third quarter that advanced from last year.

The company said its bottom line rose to $221.89 million, or $2.98 per share. This was up from $179.02 million, or $2.44 per share, in last year's third quarter.

Analysts had expected the company to earn $2.99 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 107940.2% to $2.15 billion. This was up from $1.99 million last year.

Mohawk Industries Inc earnings at a glance:

-Earnings (Q3): $221.89 Mln. vs. $179.02 Mln. last year. -Earnings Growth (Y-o-Y): 23.9% -EPS (Q3): $2.98 vs. $2.44 last year. -EPS Growth (Y-o-Y): 22.1% -Analysts Estimate: $2.99 -Revenue (Q3): $2.15 Bln vs. $1.99 Mln last year. -Revenue Change (Y-o-Y): 107940.2%

-Guidance: Next quarter EPS guidance: $2.66 - $2.75